About us

Nena AS

Company Nena was founded in 1997 by Hans Gunnar Nåvik on the idea that emerging trading in the newly de-regulated Nordic power market needed backing of high quality fundamental analysis from a neutral counterpart. Nordisk Energianalyse, or Nena, came to life with Christian Sjødin as the Managing Director and co-founder. Since then the company has established itself as a respected analysis house covering power, coal, freight and gas markets.

Nena clients Our client base covers energy majors, utilities, funds, banks, shipping companies and private investors. Looking to strengthen their focus in commodity trading or in need of advice on investments they turn to Nena for analyses and competence. Our first clients from 1997 have continuously been using our expertise and analyses in their daily core business related to energy markets, and new clients continue to express their fascination for our views and advice.

In-house modelling Nena builds fundamental models and methods with strong emphasis on a combination of economic theory, market models, weather impacts and marginal cost calculations. All price forecasts are solely based on in-house developed models in order to avoid any black boxes. Our approach relies on basic supply and demand modelling as well as advanced optimization tools.

By combining our trading based analysis tools with a holistic view on global commodity markets we aim to provide a clearer picture of the global energy complex. Our analyses reveal coherence between numerous price drivers, enabling us to explain substitution pricing, and ultimately consequences for future pricing of various commodities.

Transfer of knowledge Over the lifetime of the company the team of energy experts have contributed in day-to-day trading advice, strategy work, as speakers, in special projects and as consultants to clients at top management and board level. Throughout the years, Nena has compiled reliable and consistent analyses with proven track record.

A StormGeo company Nena is a part of StormGeo located in Oslo.

A team of dedicated professionals

The analysts / Sales

StormGeo employee Sigbjørn Seland

Sigbjørn Seland

Chief Analyst

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Master of Science, Finance from NHH Bergen/University of Mannheim Germany. Former Trader at Drammen Kraft AS.
Employed since June 1998.

+47 22 31 41 06
StormGeo employee Pål Svendsen

Pål Svendsen

Senior Analyst

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Master of Science in Engineering from NTNU. Earlier experience including hydrological and meteorological analyses and power systems modelling at Statkraft and Vattenfall.
Employed since January 2000.

+47 22 31 41 07
StormGeo employee Sigurd P. Lie

Sigurd P. Lie

Senior Analyst

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MBA from University of Denver Colorado. Former Financial Manager at Jernbaneverket (Norwegian National Railway Administration), and experience within international finance and accounting.
Employed since June 1998.

+47 22 31 41 05
StormGeo employee Bengt P. Longva

Bengt P. Longva

Senior Analyst

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Economist from University of Bergen. Former Portfolio Manager at Drammen Kraft AS. Earlier experience from research at SNF, a research body at the Norwegian Business School in Bergen.
Employed since January 1998.

+47 22 31 41 04
StormGeo employee Simen Bomnes Valåmo

Simen Valåmo


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Master of Science in Energy and Environmental Engineering from NTNU. Former Environmental Manager at Alcoa Inc. Earlier experience from physical power markets at Helgeland Kraft AS. Employed since February 2019.

+47 454 91 168
StormGeo employee Vegard Svarstad

Vegard Svarstad


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Master of Science in Energy and Environmental Engineering from NTNU. Former Portfolio Manager, physical power at Hafslund Hedging/Fortum. Employed since February 2019.

+47 928 94 035
StormGeo employee Peter Bachmann

Peter Bachmann

Sales Manager

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Diploma in Geography from LMU Würzburg. Experienced sales manager, more than 3 years in the renewable energy industry. Employed since March 2020.

+49 174 958 03 49


StormGeo employee Arve Dahl Nielsen

Arve Dahl Nielsen

Vice President Energy Markets

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Master of Science Degree & Business from NHH, Bergen. CEMS Masters Degree from NHH and Universitá L. Bocconi, Milan. Certified Power Market Analyst from NHH. Earlier experience as portfolio manager and trader at Norsk Hydro, and NOS Clearing within sales and business development.
Employed since September 2010.

+47 22 31 41 11

System development

StormGeo employee Sunil Kumar Bandari

Sunil Kumar Bandari

Senior Developer

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Bachelor of Technology degree from Jawaharlal Nehru Technological University, India. Earlier experience in application and web development.
Employed since November 2008.

StormGeo employee Øyvind Wien Nicolaysen

Øyvind Wien Nicolaysen

Senior Web Developer

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Bachelor in Interactive Design, Human-computer interaction from NITH.
Employed since April 2014.

+47 22 31 41 24